704-712 N Broad St BLDG 712 #2CElizabethNJ07208
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Elizabeth at 704-712 N Broad St BLDG 712 #2C, Elizabeth, NJ, 07208 generates $3,396/mo in rent and, after a $1,713/mo payment, leaves $901/mo in cash flow. Total monthly income is $3,396/mo, and annual cash flow is $10,816/yr on $116,025 invested. Return on cash invested sits at 29.23% in year one, and rental yield is 11.64% on a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 154.09% and total cumulative return in cash sums $178,778. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,396/mo property income rather than buyer’s personal income.
Condo
Built in 1979
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07208, Elizabeth, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,023 (100%) |
| Owner Occupied HU | 3,405 (26.1%) |
| Renter Occupied HU | 9,116 (70.0%) |
| Vacant Housing Units | 502 ( 3.9%) |
| Median Home Value | $497,587 |
| Average Home Value | $535,273 |
Housing Distribution
Address Breakdown
Residential
11,878
Single Family
6,343
Multi-Family
5,535
Businesses
668
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Listed by: Alberta Jordan • Real
Mls Name: GSMLS
Mls ID: #4004058